The Qantas Group has completed a new round of debt funding, securing $1.05 billion in additional liquidity to strengthen its position as it manages through the Coronavirus outbreak. This debt has been secured against part of the Group’s fleet of unencumbered aircraft[1], which were bought with cash in recent years. The loan has a tenure […]
Qantas and Jetstar to suspend scheduled international flights from late March, following latest government travel advice; some ongoing ad hoc services possible. 60 per cent reduction to domestic flights, focused on cutting frequency. Two-thirds of employees to be temporarily stood down to preserve as many jobs as possible longer term. Payment of $201 million shareholder […]
As a result of significant falls in travel demand due to Coronavirus, and new government restrictions across multiple jurisdictions in recent days, Qantas and Jetstar will make further and much larger cuts to domestic and international flying schedules. To be phased in from the end of March 2020 onwards: Total Group International capacity will be […]
Qantas and Jetstar customers given option to cancel flights and receive travel credit Applies to customers with existing and new bookings on domestic and international flights Offer available until 31 March 2020 for travel up to 31 May 2020. Qantas and Jetstar have introduced greater flexibility for customers wishing to change their travel plans, following […]
Qantas has entered an enforceable undertaking with the Fair Work Ombudsman as part of rectifying a misclassification issue impacting around 1,000 current and former employees – some 640 of whom were owed $7.1 million in backpay. The issue was self-reported by the airline in February 2019 and involved staff who should have been covered by […]